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Warren Buffett, at Berkshire Hathaway's annual shareholder meeting, announced his retirement at year's end, handing the CEO role to Greg Abel. He also criticized the ongoing trade war, stating that trade shouldn't be a weapon and that it negatively impacts the US economy. Buffett's comments, made during his lengthy address, drew significant attention, as many awaited his stance on the trade disputes. Berkshire Hathaway also reported a decline in quarterly profits, partly attributed to the trade war's uncertainty.

Prepared by Christopher Adams and reviewed by editorial team.